If an entrepreneur has good skill but does not read changing market needs what will be the most serious effect on livelihood?
Answer and explanation
Correct answer: The product may gradually become irrelevant
An entrepreneur needs both technical skill and an understanding of customers and markets. A product may be well made, but people’s needs, tastes, technology and purchasing habits can change. If the entrepreneur does not notice these changes, the product may no longer solve an important problem or attract enough buyers. Therefore, option A is the most serious likely effect: the product may gradually become irrelevant. This can reduce sales, income and livelihood security.
The question describes a person who has good skill but does not study changing market needs. Skill alone cannot guarantee continuing demand. Regular market observation helps an entrepreneur improve the product, change its design, adjust its price or find new customers. The other choices are logically wrong: skill does not automatically increase, customers do not always remain stable, and risk can never be assumed to disappear completely. Thus A follows because ignoring demand can slowly separate a product from what customers actually need.
Frequently asked questions
What is the correct answer to this question?
The product may gradually become irrelevant
Why is this the correct answer?
An entrepreneur needs both technical skill and an understanding of customers and markets. A product may be well made, but people’s needs, tastes, technology and purchasing habits can change. If the entrepreneur does not notice these changes, the product may no longer solve an important problem or attract enough buyers. Therefore, option A is the most serious likely effect: the product may gradually become irrelevant. This can reduce sales, income and livelihood security.
The question describes a person who has good skill but does not study changing market needs. Skill alone cannot guarantee continuing demand. Regular market observation helps an entrepreneur improve the product, change its design, adjust its price or find new customers. The other choices are logically wrong: skill does not automatically increase, customers do not always remain stable, and risk can never be assumed to disappear completely. Thus A follows because ignoring demand can slowly separate a product from what customers actually need.
Which subject and chapter does this question cover?
This is a Class 11 Home Science question. Chapter: Work, Livelihood and Career. Topic: Life skills for livelihood.
